Mumbai, Dec. 31 -- The key equity barometers traded with modest gains in mid-morning trade. Trading sentiment stayed positive amid thin year-end volumes and absence of strong domestic triggers. The Nifty scaled above the 26,050 mark.

PSU Bank shares rallied in the three consecutive trading sessions.

At 11:26 ST, the barometer index, the S&P BSE Sensex advanced 274.61 points or 0.32% to 84,946.70. The Nifty 50 index jumped 116.20 points or 0.45% to 26,055.05.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.75%, while the S&P BSE Small-Cap index added 0.82%.

The market breadth was strong. On the BSE, 2,634 shares rose and 1,200 shares fell. A total of 219 shares were unchanged.

Buzzing Index: ...